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“It’s about jobs that create new materials, new technologies… 3D printing that allows you to make satellites that are lighter, cheaper and on-demand,” Associate Professor Alan Duffy from Swinburne University said.

“We are already a space state. A headquarters is just to recognise that.”

The state could be in for a fight against Western Australia, which is home to the world’s largest radio telescope, along with Canberra.

A decision on where the space headquarters will be built is expected by the end of the year.